Arc price elasticity assume that amazoncom dropped the, Financial Accounting

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Arc price elasticity assume that amazoncom dropped the

Arc Price Elasticity. Assume that amazon.com dropped the price on a men's Seiko watch (SGF719) from $120 to $60, and sales jumped from 50 to 100 units per day.

A. Calculate the implied arc price elasticity of demand.

B. Is a further price decrease warranted? Why or why not?

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Financial Accounting: Arc price elasticity assume that amazoncom dropped the

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